• melsaskca@lemmy.ca
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    15 days ago

    Socialism in america only exists for corporations. “Hey bankers! Screwed up again? Here’s more money to play with.”

    • NostraDavid@programming.dev
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      15 days ago

      The USA actually spends several billions, if not trillions on Medicare (meant for the old) and Medicaid (meant for the poor, and single mothers, and young children) combined.

      In 2023, the federal government spent about $848.2 billion on Medicare, accounting for 14% of total federal spending.

      source - and that’s just Medicare.

      I agree with you that it’s weird that corporations get a bailout, instead of selling the company to competitors, but no need to act like the USA doesn’t spend a TON of money on its citizens, keeping their head above water :)